Last updated on June 21st, 2023
best places in Alicante for Airbnb
Key Takeaways
• Alicante offers an affordable cost of living and an attractive real estate market. Thanks to this, many Airbnb hosts have the chance to earn a good passive income by owning short-term rental properties.
• Discover the advantages that real estate investors can enjoy when investing in the real estate market in Alicante, Spain.
• Get to know the top 10 most profitable places around Alicante along with their recommended property types, average prices, and specific Airbnb data.
Introduction
The historic port city of Alicante is situated on the southeast of the Iberian Peninsula, at the banks of the Mediterranean Sea. This warm city welcomes visitors with open arms allowing them to freely explore its picturesque surroundings while enjoying its delicious cuisine.
Nestled majestically at the Costa Blanca, Alicante is a popular tourist destination in the Valencian Community! Thanks to its pleasant weather, stunning golden sandy beaches, and impressive historical and cultural heritage, the city doesn’t fail to lure travelers’ attention.
According to Airbnb, Alicante is a trendy summer destination that welcomes all visitors warmly with its enchanting beaches! The portal also mentioned listings in the wine regions of Alicante Province offer an even greater financial experience to Airbnb hosts.
Still, there’s an important factor that you should consider before taking the next step in your journey – where are the most profitable areas for rental properties in Alicante?
In this article, we’ll reveal the best places in Alicante for Airbnb, and some of the expectations when investing in real estate in this city. Eager to learn more? Continue reading!
What are the perks of buying a rental property in Alicante, Spain?
Investing in rental properties in Alicante is an efficient way to generate a nice passive income because it offers attractive investment opportunities. Alicante has extraordinary natural surroundings and a rich historical heritage. But aside from that, what are the other advantages that Alicante offers to real estate investors?
Check out the additional reasons why buying Airbnb investment properties in Alicante is an excellent idea:
Dynamic economy
For years, Alicante has been the leading Spanish city in terms of economic freedom. The city promotes a suitable financial environment with the reduction of levies and taxes in order to attract companies, which generates more job opportunities in return.
Alicante’s economy has been steadily growing and becoming stronger over the years. As one of the major financial cities in Spain, Alicante plays an important role as an administrative and commercial center that contributes considerably to the province’s economy.
Great living conditions
Alicante is a welcoming and lively city that provides its residents with a high standard of living. The city preserves a unique personality while offering a varied array of amenities, a modern healthcare system, and a reliable transportation network.
Furthermore, Alicante’s cost of living and real estate market prices are quite affordable compared to other major metropolitan areas. According to Idealista, the average house price is €1,757/m2 with a 1-year value change of +17.8%.
Explore Alicante’s exciting leisure options
The first thing that may come to our minds when thinking about Alicante is its exquisite gastronomy, scenic golden sand beaches, and incomparable sunrises. However, there’s much more to discover in Alicante since it’s home to a splendid cultural scene and a fascinating architectural legacy.
Sitting at the foot of Santa Barbara’s Castle lies Alicante’s historic center with its unbeatably splendid and well-maintained variety of cultural sites and vibrant neighborhoods. There’s no lack of museums, parks, restaurants, bars, and shops. Moreover, Alicante is known for its lively festivals such as the Festival of Moors and Christians and the magic night of San Juan.
Is Airbnb Profitable in Alicante?
Take it easy because Airbtics assures you that investing in real estate in Alicante is lucrative. That being said, we must point out that the level of profitability depends on other factors such as the property type and location. Moreover, it’s also recommended to learn the Airbnb regulations in Alicante so that you can run your listing smoothly.
Based on Airbtics’ data, an Airbnb host can expect an average annual revenue of €25,400 and a median occupancy rate of 89% for operating a 1-bedroom property in Alicante.
Best Real Estate Markets for Airbnb around Alicante
Alicante is the 2nd most populous city in the Valencian Community state and has over 45 lively neighborhoods. Therefore, investors should note that each of them possesses a different level of profitability.
Check out the best places in Alicante that are recommended for starting an Airbnb business:
Best Neighborhoods to Invest in Alicante (Alacant)
1. Centro Tradicional
- Total Number of Airbnb Listings: 264
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): €260,000
- Airbnb Annual revenue: €34,538
- Gross rental yield: 13.28%
2. La Albufereta
- Total Number of Airbnb Listings: 148
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): €220,000
- Airbnb Annual revenue: €32,016
- Gross rental yield: 14.55%
3. Playa de San Juan
- Total Number of Airbnb Listings: 220
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): €230,000
- Airbnb Annual revenue: €31,100
- Gross rental yield: 13.52%
4. Mercado
- Total Number of Airbnb Listings: 210
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): €195,000
- Airbnb Annual revenue: €27,817
- Gross rental yield: 14.27%
5. Ensanche-Diputación
- Total Number of Airbnb Listings: 161
- Best bedroom size: 1 bedroom
- Median property price (1 bedroom): €156,000
- Airbnb Annual revenue: €26,927
- Gross rental yield: 17.26%
6. Carolinas Bajas
- Total Number of Airbnb Listings: 134
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): €135,000
- Airbnb Annual revenue: €23,923
- Gross rental yield: 17.72%
Best Cities to Invest in Alicante Province
1. Elche
- Distance from Alicante: 27 kilometers
- Total Number of Airbnb Listings: 496
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): €134,000
- Airbnb Annual revenue: €23,412
- Gross rental yield: 17.47%
2. Benidorm
- Distance from Alicante: 45 kilometers
- Total Number of Airbnb Listings: 1,875
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): €190,000
- Airbnb Annual revenue: €23,220
- Gross rental yield: 12.22%
3. Torrevieja
- Distance from Alicante: 50 kilometers
- Total Number of Airbnb Listings: 2,453
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): €96,000
- Airbnb Annual revenue: €14,958
- Gross rental yield: 15.58%
4. Denia
- Distance from Alicante: 91 kilometers
- Total Number of Airbnb Listings: 2,138
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): €195,000
- Airbnb Annual revenue: €17,634
- Gross rental yield: 9.04%
Summary
In conclusion, Alicante’s real estate market offers a variety of housing options, prices, and plenty of profitable locations that can help investors to obtain a good return on investment by setting up an Airbnb listing.
After finding out the best places in Alicante to Airbnb, go ahead and check Airbtics’ Airbnb income calculator. Take advantage of the digital era and maximize your gains by making use of the best analytics tools available on the market!
Explore The Most Profitable Airbnb Locations in Alicante
